When moon? ($500k / $1 million / $2 million)

[thecodebear]

As Bitcoin possibly gears up to try to hit $100k in the next year, and far higher prices seem an almost certainty in the future, I want to know when you think Bitcoin will hit $500k, $1 million and $2 million?

Bitcoin in 2020 is finally just starting to be viewed as a global reserve asset, with the first forward-seeing institutional investors starting to buy it up to the point in which there is barely any supply to go around. At the same time PayPal is about to open the flood gates to another huge wave of retail investors. Bitcoin is becoming engrained in the world of finance. The rise to $500k, $1 million, and $2 million seems inevitable in due time. So, what do you think: when moon?




I think we will see $500k hit for the first time in the second half of this decade.
$1 million will first be hit in the early 2030's.
$2 million will first be hit before 2040.

By that time (2040) I think it will be a mature asset and its growth will slow (as there is only so much money in the world). By this time it will be a normal asset to hold in bank accounts or bitcoin wallets or money apps of billions of people, it will be a better version of gold for store-of-value investors, there will be trillions in retirement accounts in Bitcoin around the world, it will be a normal asset to hold for hedge funds, it will be a treasury asset for much of the corporate world, central banks will hold a few million combined to compliment their Gold and Dollar holdings.

When do you think it'll hit these price targets for the first time?

[TravelMug]

If I'm not mistaken by 2038, we could have reach 99% of all bitcoin mine. So that alone will speak how the price will move after that. Because the rest of the 1% will be mine up to 2140.

So definitely, 6 - 7  digits around that time is not far fetch as bitcoin will be really scarce and everyone will be fighting to get at least a satoshi. Moon by 2038 and beyond or even much earlier.

[Coin_trader]

If I'm not mistaken by 2038, we could have reach 99% of all bitcoin mine. So that alone will speak how the price will move after that. Because the rest of the 1% will be mine up to 2140.

So definitely, 6 - 7  digits around that time is not far fetch as bitcoin will be really scarce and everyone will be fighting to get at least a satoshi. Moon by 2038 and beyond or even much earlier.

I won't speculate that much even the last piece of BTC mined. Mining all the supply means the Circulating Supply increased too so there's a chance that price will drop too. What I really looking forward is the development of bitcoin blockchain. The scalability problem is the main issue of BTC right now and so far, no concrete solution on it. A lot of different blockchain already closed on achieving it so if others can do what BTC can't, it's really alarming what will gonna happened on BTC future.

[daarul50]

If I'm not mistaken by 2038, we could have reach 99% of all bitcoin mine. So that alone will speak how the price will move after that. Because the rest of the 1% will be mine up to 2140.

So definitely, 6 - 7  digits around that time is not far fetch as bitcoin will be really scarce and everyone will be fighting to get at least a satoshi. Moon by 2038 and beyond or even much earlier.

As long as the demand to own bitcoin also grow faster than ever, i believe the reasonable price that time will be over $500k definitely.
But when there is no growth in demand then everything is just useless you know even all bitcoin available has been mined.
The advice here is , to never let your bitcoin wallet has a zero balance fill it as low as 0.5 bitcoin for your future plan or at least your future bet. Dont get rush , 20 years from now is short actually.

[Upgrade00]

Mining all the supply means the Circulating Supply increased too so there's a chance that price will drop too.

The supply of Bitcoin is pre determined, all the halving dates are known and barring changes in difficulty, anyone can predict what amount would have been mined at any exact time with close accuracy, with that, I doubt if supply could actually cause a significant drop in the price as it is already priced in, and we are immune to supply shocks. Also majority of Bitcoin has already been mined and only a few are left, which is probably not enough to cause an inflation and bring prices down.

The scalability problem is the main issue of BTC right now and so far, no concrete solution on it. A lot of different blockchain already closed on achieving it so if others can do what BTC can't, it's really alarming what will gonna happened on BTC future.

There are currently several solutions being proposed and implemented to improve scalability, such as schnoor and Taproot. Also, Bitcoin is not in direct competition with other blockchains, it has intrinsic qualities which should always make it valuable, even if not as a currency.

When do you think it'll hit these price targets for the first time?

Sometimes in the future probably. I could take a wild guess, but it's not really necessary to predict the future price. 1BTC would always be 1BTC, and at some point, valuing it against fiat might no longer be the best alternative and we would have other means of determining its value.

[bitterguy28]

Since your Question has different choices of answers why not make this thread as POLL so can just choose one even there's no need to Post.

Anyway.

____________________

If I'm not mistaken by 2038, we could have reach 99% of all bitcoin mine. So that alone will speak how the price will move after that. Because the rest of the 1% will be mine up to 2140.

almost 20 years from now, far long waiting .

So definitely, 6 - 7  digits around that time is not far fetch as bitcoin will be really scarce and everyone will be fighting to get at least a satoshi. Moon by 2038 and beyond or even much earlier.

this is exactly why we need to took care even our single satoshi because days will come that this very tiny Figure now will be a Bread for the table of whole family.

[maydna]

I am not expecting to see bitcoin price will be $500k / $1 million or even $2 million in the near future. I don't even think that bitcoin price can reach $300k in the next year. But if that can happen in the next year, I am sure that we will make a big profit in that time. But I could expect to see bitcoin price will be at $100k in the next year. But all of that price is possible to happen in the future, and I think I need to enjoy this moment and follow the bitcoin price journey. I am sure that there will be many speculations out there to predict how high the bitcoin price. But all of them don't know the right thing that bitcoin price will increase later.

[adaseb]

Yes these prediction are crazy, especially when they are 2 decades apart. There are people who got reasonable targets like $25K or $30K in the next year or so. And then there are those that are expecting $500K this time next Christmas. Seems people are getting way too bullish again.

Look at what happened when we almost broke $20K, we came close but didn't break and went back down. Look like now we might get a retest of that $16700 area. Similar to what happened in Nov 2018 and Mar 2020, people were basically calling for triple digit bitcoin which didn't happen either. Seems you gotta do the opposite of what most people are expecting to happen.

[btc_angela]

If you look at the S2F model, $300k is their prediction, but we can't really tell at this point what direction we are going to take in the next 10 years. Remember that bitcoin works in cycle, boom and bust. So it really depends on what will be the lowest low, let's see in the next 3 halving.

And there there is this question of where should be the money coming from? currently the push of today's price is based on company's hedging their wealth to bitcoin like MicroStrategy. So in the next 10 years, we should finds ways of people, institutions, or even gold investors shifting to bitcoin to get to even $50k-$100k.

[mich]

I hope this will be in my lifetime when the price of 1 Bitcoin will be worth $1 million.  Even half of this would be amazing for me.

Even now experts still predict a price of minimum of $100,000 for 1 Bitcoin would be incredible.

But for the price to be in 6-7 digits would be amazing for me and all else who holds this precious coin.

[ultrloa]

I think we will see $500k hit for the first time in the second half of this decade.
$1 million will first be hit in the early 2030's.
$2 million will first be hit before 2040.

We don't know how the world revolves also what will be the economic state in future and we need to consider that before we can conclude or drop some prediction on what will happen to the price in the future. But since bitcoin still unpredictable maybe the best thing we should discuss on what will be the closest figure will come in future and what will be the scenario if all bitcoins will be successfully mined since we never know if the price will pump or dump after that.

[Question123]

The value the you expected is really hard to happen or not possible to happen in the future even you wait few decades or even hundreds of years it will not happen.

Hundred thousands dollars is maybe possible but it's  difficult to achieve also and for sure we face a lot challenges like dumping and many years or decades before we reach that price.

Im contented now to the value and hoping no more dumps before the end of this year happen and next year a good movement again will see to the bitcoin.

[Reid]

I don't really go that far when predicting things to happen.
Why? There are events that might change everything.
Just like now, suddenly there is a pandemic that affected a lot of people in the world.
Who would thought that will happen?

$30k next year is already an awesome number for me. Then maybe, $5k for every year.
That's if USD won't lose its value. 

[BrewMaster]

i still believe that $1 million is a far target to reach not only because it will be a massive rise compared to the current price but also because it is some form of round number and looks like taboo to some people so they will sell and prevent price from reaching it quickly.

the next round of rises on the other hand we can see $500k very easily. in fact i believe that we can see it before 2021 ends. then after it is reached because of its high value the round after that will be a lot easier and faster.

[davinchi]

These prices would make bitcoin the biggest market cap in anything we have seen and doesn't really make sense at all. I would understand if it was 50 years from now, because by that time everything else will be expensive too and that means bitcoin could go up as well, however it can't happen anytime soon, nowhere near those levels could happen anytime soon. Hence, I think it is going to be decades before we see these prices.

I understand there are some people who think just because we moved from few dollars to $20k in just 10 years, we could do that again in 10 years as well, that type of % only happens during the early days, you need to be early bird to take advantage of these type of increases, you are not going to get it again just because it did it once upon a time.

[Wysi]

Bitcoin will indeed reach these figures but when will it reach and how long it will stay at those figures are the question? Even though your predictions are realistic but Bitcoin doesn't follow any particular pattern and had that been the case, then we should have already achieved $100k in 2018 when the most unexpected dump took place. I think no one can predict when t will happen but it's going to happen for sure and I wish it happens in our lifetime.

[exstasie]

As Bitcoin possibly gears up to try to hit $100k in the next year, and far higher prices seem an almost certainty in the future, I want to know when you think Bitcoin will hit $500k, $1 million and $2 million?

Why do you see the ceiling at $100K for the current cycle?

I'm not convinced that prices are limited to the trend set from 2010-present. All trends eventually end. But instead of price falling below the long term logarithmic channel, I believe the trend could accelerate exponentially above it instead, during a mass adoption phase. I think valuations like $500K or $1M are possible in the next bubble cycle......2021, 2022. Not necessarily probable, but very possible.

It's typical in hype cycles for people to be skeptical, aim too low, sell too low. I think Bitcoin may end up surprising even the bulls.

[sunsilk]

I am not expecting to see bitcoin price will be $500k / $1 million or even $2 million in the near future. I don't even think that bitcoin price can reach $300k in the next year. But if that can happen in the next year, I am sure that we will make a big profit in that time. But I could expect to see bitcoin price will be at $100k in the next year.

$100k is what I'm seeing from everyone who's positive for next year. The s2f model shows that it's the ceiling that it can be reached by 2021. $300k is quite high and so is $100k but it's more favorable with the opinions of most predictions.

I'm wondering how much is the percentage of inflation would that be if bitcoin hits those high prices. Well, I think $500k around 2027-2030 and the rest would rely on global reaction and if most countries and institutions started to make bitcoin more scarce.

[Fortify]

It seems unrealistic for bitcoin to hit those levels without a specific reason to drive the price. It is more likely to max out at 50k-100k for the next decade and that is still a great thing because it has come such a long way in it's first 10 years of existence. If there was a substantial amount of extra stimulus in an effort to recover from the damage caused by Covid, there is a chance that some of that money could flood into bitcoin.

[exstasie]

It seems unrealistic for bitcoin to hit those levels without a specific reason to drive the price.

What specific reason drove the price to $20K in 2017? There was none. That's just not how bubbles work.

It's all about supply and demand: rising prices cause hype and new demand and refusal to sell, which further causes higher prices in a self-reinforcing cycle. That's not the type of dynamic you can explain away with one piece of news or one specific reason.